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I'm impressed. Nice trading!

Spanish, that's where following price comes in handy. If the news affects price, then we see it instantly and react. I think you need to know for certain when big news is going to be released and be prepared that something big could happen at the time, so that's a good time to exit or tighten...

It seems this instant news is not accurate enough to trust? I used to try and listen to the news, but is caused me to make more mistakes than it was worth. Price is all that matters and that's all I use now. No news service for me, and I learned the hard way. Also, the old saying always...

I stumbled on this thread earlier today and started reading. Five hours later, I'm on about page 115 or so, and I'd really like to stay up all night and finish it to the end. This is the best entertainment bar none. I couldn't pay money to find bettr entertainment. I didn't want to skip...

I normally place mine at the 50% level of bar 3, but if I miss that and bar 4 looks really strong, I sometimes take the magic tick on bar 4, again placing my limit order at or just above the 50% level of the previous bar, although it is much more risky. That's why I moved to the smaller tick...

Exactly, that's what I am talking about. Consider we are in an uptrend, and prices start pulling back, and then you get a bullish bar that makes a HH than the previous bar, so a lot of traders start going long again. Suddenly, prices turn back down and you get another bearish bar, but no down...

I can't speak for Buy, but the first long was certainly an uptrend, and the second long, while questionable, the market was still in an uptrend, because the support area was still holding. Prices made a DB, then a HH, although prices went on from there to make a LL. I'll make one other...

I'm trading two contracts, with a 6 tick safety stop. I scalp 6 ticks on one contract, and immediately go to BE on the second. If prices start pulling back, I often just cover before the BE stop is taken out, then look for a new entry. I also cover on the intial stops sometimes too if it...

Here's the chart.

I tried something a little different today. I moved down from a 770 tick to a 500 tick chart. My reasoning was that I was having a money management issue with the recent volatility. I was having to use a larger stop, and even though I was having more winning trades than losing trades, I was...

This is something I struggled with early on as well, and although nothing will work 100% of the time, I have found that using LG channels, and also keeping an eye on the bigger picture will also help. To better explain, I use an LG channel, and I adjust it often to make sure it always fits...

I'll have to let someone else verify, because I don't know if I really understand the "dragon" formation. What I saw was a failed break out to the down side, follwed by a HH and HL. Any time you see a failed break out, they are usually great trades in the opposite direction.

I hear you Neek. I actually missed several good trades today with the 50% entry because the market didn't pull back enough. On the bright side, it kept me out of a couple of bad trades as well though, so I guess it's all relevant to how it turns out! :) I trade with a 770 tick chart, but I...

Here's my chart for the day. I noted my only loser. Unfortunately, I took a full stop on that trade, so I lost about $250.00. Still took +16 points today, so I can't complain. Notice that I only got stopped out by one tick on that loser, then the market started down again. Man, I hate...

After looking more closely, we were talking about separate bars Neek. My explanation still stands, but the magic tick would not have helped you on that particular bar. The reason I didn't take that trade though was because I had a major S/R line there. We were having trouble breaking through...

Neek, here's what I do on those long bars. Wait for the bar to complete, then wait on the magic tick. If you get it, place your order at about 50% of the long bar. Unless the market is in a runaway like it did soon after, prices will usually retrace 50% or more of those long bars. Waiting on...

I've been on vacation, and then too busy trying to catch up since returning. I hope to start posting my trades again soon. Hope everyone made some money on the big down day on Monday.

Here's my chart for the day. Not much to look at with only the one trade. I entered short at the red arrow, and exited the first contract at 6 ticks (Blue Arrow). It moved a couple of more ticks and started to turn, so I covered on the second contract, and got 6 ticks on it as well for a...

Nice day TraderTX... congrats. It has been a very good day for trending, and I should have made a bundle. Unfortunately, I've been distracted all day. I didn't get to the screen until 9:30 AM, so I missed the big drop early. Since then, every time I get set to trade, I get another...

Thanks Tex! It looks like it has been quite here lately? Let's see those charts traders, as that's how we all learn. Good or bad, it helps to see where people make good decisions and bad. We can learn from both.